Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Asia’s leading multi-asset exchange

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Equity Bottom-Up

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<li>
For the first four months of 2022, the STI generated an 8.7% total return, ranking as the strongest performing developed market benchmark globally for the four months. This was a significant outperformance to the FTSE Asia Pacific Index and FTSE All-World Index which saw comparative declines of 9.1% and 10.3% in SGD terms. 
	 </li>
	<li>
DBS, OCBC and UOB averaged 9.1% total returns over the first four months of 2022. For 1Q22, the combined net interest income for the three banks for 1Q22 was S$5.38 billion, up from S$5.31 billion in 4Q21, while combined non-interest income amounted to S$3.37 billion, up from S$2.97 billion in 4Q21. 
	 </li>
	<li>Outside of the STI, the majority of actively traded stocks that saw the highest increases in turnover for the four months (relative to 2021) were impacted by higher commodity prices and economic re-openings as the Ukraine crisis continued and global COVID-19 cases returned to mid-Dec 2021 levels, following the significant upward spike in Jan.  </li>
</ul>
 

For the first four months of 2022, the STI generated a 7.5% gain, with dividends boosting the total return to 8.7%. This placed the STI the strongest performing developed market benchmark globally for the four months. This was a significant outperformance to the FTSE Asia Pacific Index and FTSE All-World Index which saw comparative declines of 9.1% and 10.3% in SGD terms. During the four months Singapore stocks were recipient to close to S$420 million of net institutional inflows, with majority of flows going into Telecommunications, Industrials and Consumer Non-Cyclicals.  Together, DBS Group Holdings (DBS), Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB), which account for 45% of the STI weights, averaged 9.1% total returns over the first four months of 2022. For 1Q22, the combined net interest income for the three banks for 1Q22 was S$5.38 billion, up from S$5.31 billion in 4Q21, while combined non-interest income amounted to S$3.37 billion, up from S$2.97 billion in 4Q21. Across the region, the top quartile of Asia Pacific listed banks by market value (which includes DBS, OCBC and UOB) averaged 6.0% total returns over the four months. This was a contrast to the top quartile of Asia Pacific listed technology stocks by market value which averaged 25% declines. During the four months, higher inflation prints saw consensus estimates for the Federal Reserve Target Band at the end of 2022, increase from 75-100 bps to 275-300 bps, with expectations of a 50 bps rate hike at the conclusion of tonight’s FOMC. The STI’s strongest constituents over the four months were Sembcorp Industries, Jardine Cycle &amp; Carriage, Keppel Corporation, Yangzijiang Shipbuilding Holdings and City Developments. Sembcorp Industries, Keppel Corporation and City Developments ranked among the top 10 recipients of net institutional inflows over the four months, with Jardine Cycle &amp; Carriage ranking #12. Over the four months, Yangzijiang Shipbuilding Holdings generated a 30.7% return adjusted for the distribution of the Yangzijiang Financial Holding spin-off, while dry bulk freight rates, gauged through the Baltic Dry Index, remain more than double that of pre-COVID rates. Moreover, on the strategic initiatives (which include sustainability), Sembcorp Industries continues aim for its sustainable solutions portfolio to comprise 70% of the Group’s net profit before exceptional items and corporate costs in 2025 (from 40% in 2020), and Keppel Corporation is accelerating its execution of Vision 2030. Meanwhile gains posted by City Developments and Jardine Cycle &amp; Carriage have coincided with local and regional re-openings.  
Outside of the STI, actively traded stocks that moved up the ladder of turnover rankings by more than 10 places from 2021 levels included Mapletree North Asia Commercial Trust, coinciding with its merger progress with Mapletree Commercial Trust, in addition to commodity plays Rex International which transferred from Catalist to the Mainboard, Geo Energy Resources, Golden Agri-Resources, First Resources, RH Petrogas and Golden Energy and Resources and Bumitama Agri. Actively traded REITs and Stapled Trusts that also climbed the ladder of turnover rankings by more than 10 places from 2021 levels included re-opening plays Lendlease Commercial REIT, CDL Hospitality Trusts, Sasseur REIT, Far East Hospitality Trust and Frasers Hospitality Trust. Other non-STI actively traded stocks that saw similar turnover increases included Samudera Shipping, SIA Engineering, Yoma Strategic Holdings, Hong Fok Corporation, Straits Trading Corporation, mm2 Asia, The Hour Glass, Sinjia Land and Stamford Land. The shifts in turnover rankings reflected the impact interest rate normalisation, corporate restructures, higher commodity prices and economic re-opening themes had on the participation and performances of Singapore stocks in the 2022 year thus far.

<table class="table table-striped"><tbody>
<tr>
<td>
			50 Most Traded Stocks (excl. Stocks that listed in 2022 YTD) in 2022 YTD
			</td>
			<td>
			Stock Code
			</td>
			<td>
			Mkt Cap S$M
			</td>
			<td>
			YTD Net Insti Flow S$M 
			</td>
			<td>
			YTD Total Return %
			</td>
			<td>
			Sector
			</td>
		</tr>
<tr>
<td>
			DBS
			</td>
			<td>
			D05
			</td>
			<td>
			87,291
			</td>
			<td>
			-380.1
			</td>
			<td>
			4.9
			</td>
			<td>
			Financial Services
			</td>
		</tr>
<tr>
<td>
			UOB
			</td>
			<td>
			U11
			</td>
			<td>
			50,221
			</td>
			<td>
			-19.2
			</td>
			<td>
			13.7
			</td>
			<td>
			Financial Services
			</td>
		</tr>
<tr>
<td>
			OCBC Bank
			</td>
			<td>
			O39
			</td>
			<td>
			55,939
			</td>
			<td>
			51.5
			</td>
			<td>
			8.7
			</td>
			<td>
			Financial Services
			</td>
		</tr>
<tr>
<td>
			Singtel
			</td>
			<td>
			Z74
			</td>
			<td>
			45,727
			</td>
			<td>
			558.8
			</td>
			<td>
			19.4
			</td>
			<td>
			Telecommunications
			</td>
		</tr>
<tr>
<td>
			CapLand Int Com Trust
			</td>
			<td>
			C38U
			</td>
			<td>
			15,437
			</td>
			<td>
			135.3
			</td>
			<td>
			14.4
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			Mapletree Com Tr
			</td>
			<td>
			N2IU
			</td>
			<td>
			6,215
			</td>
			<td>
			-148.1
			</td>
			<td>
			-3.9
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			YZJ Shipbldg SGD
			</td>
			<td>
			BS6
			</td>
			<td>
			3,595
			</td>
			<td>
			-52.4
			</td>
			<td>
			30.7
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Wilmar Intl
			</td>
			<td>
			F34
			</td>
			<td>
			27,977
			</td>
			<td>
			95.8
			</td>
			<td>
			9.8
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Ascendas REIT
			</td>
			<td>
			A17U
			</td>
			<td>
			12,006
			</td>
			<td>
			-101.0
			</td>
			<td>
			-0.4
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			SIA
			</td>
			<td>
			C6L
			</td>
			<td>
			16,321
			</td>
			<td>
			59.0
			</td>
			<td>
			10.2
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			CapitaLand Invest
			</td>
			<td>
			9CI
			</td>
			<td>
			21,780
			</td>
			<td>
			86.1
			</td>
			<td>
			24.0
			</td>
			<td>
			Financial Services
			</td>
		</tr>
<tr>
<td>
			Keppel Corp
			</td>
			<td>
			BN4
			</td>
			<td>
			12,363
			</td>
			<td>
			111.2
			</td>
			<td>
			38.3
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Mapletree Log Tr
			</td>
			<td>
			M44U
			</td>
			<td>
			8,561
			</td>
			<td>
			-60.8
			</td>
			<td>
			-5.4
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			SGX
			</td>
			<td>
			S68
			</td>
			<td>
			10,652
			</td>
			<td>
			106.7
			</td>
			<td>
			6.1
			</td>
			<td>
			Financial Services
			</td>
		</tr>
<tr>
<td>
			ST Engineering
			</td>
			<td>
			S63
			</td>
			<td>
			12,784
			</td>
			<td>
			76.2
			</td>
			<td>
			11.7
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Venture
			</td>
			<td>
			V03
			</td>
			<td>
			4,985
			</td>
			<td>
			-159.8
			</td>
			<td>
			-6.3
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Suntec REIT
			</td>
			<td>
			T82U
			</td>
			<td>
			5,281
			</td>
			<td>
			58.7
			</td>
			<td>
			23.6
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			Mapletree NAC Tr
			</td>
			<td>
			RW0U
			</td>
			<td>
			4,247
			</td>
			<td>
			170.3
			</td>
			<td>
			11.2
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			ComfortDelGro
			</td>
			<td>
			C52
			</td>
			<td>
			3,185
			</td>
			<td>
			-45.5
			</td>
			<td>
			5.0
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Mapletree Ind Tr
			</td>
			<td>
			ME8U
			</td>
			<td>
			6,986
			</td>
			<td>
			-86.4
			</td>
			<td>
			-2.3
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			JMH USD
			</td>
			<td>
			J36
			</td>
			<td>
			52,422
			</td>
			<td>
			-11.3
			</td>
			<td>
			1.8
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Genting Sing
			</td>
			<td>
			G13
			</td>
			<td>
			9,778
			</td>
			<td>
			-0.2
			</td>
			<td>
			4.5
			</td>
			<td>
			Consumer Cyclicals
			</td>
		</tr>
<tr>
<td>
			ThaiBev
			</td>
			<td>
			Y92
			</td>
			<td>
			17,208
			</td>
			<td>
			-2.1
			</td>
			<td>
			6.0
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			CityDev
			</td>
			<td>
			C09
			</td>
			<td>
			7,745
			</td>
			<td>
			193.6
			</td>
			<td>
			25.4
			</td>
			<td>
			Real Estate (excl. REITs)
			</td>
		</tr>
<tr>
<td>
			HongkongLand USD
			</td>
			<td>
			H78
			</td>
			<td>
			15,129
			</td>
			<td>
			-7.6
			</td>
			<td>
			-4.5
			</td>
			<td>
			Real Estate (excl. REITs)
			</td>
		</tr>
<tr>
<td>
			Sembcorp Marine
			</td>
			<td>
			S51
			</td>
			<td>
			3,421
			</td>
			<td>
			32.4
			</td>
			<td>
			32.9
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Sembcorp Ind
			</td>
			<td>
			U96
			</td>
			<td>
			5,266
			</td>
			<td>
			130.0
			</td>
			<td>
			49.0
			</td>
			<td>
			Utilities
			</td>
		</tr>
<tr>
<td>
			Keppel DC REIT
			</td>
			<td>
			AJBU
			</td>
			<td>
			3,555
			</td>
			<td>
			-79.9
			</td>
			<td>
			-14.8
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			AEM SGD
			</td>
			<td>
			AWX
			</td>
			<td>
			1,487
			</td>
			<td>
			-42.6
			</td>
			<td>
			-8.6
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Frasers L&amp;C Tr
			</td>
			<td>
			BUOU
			</td>
			<td>
			5,352
			</td>
			<td>
			-21.6
			</td>
			<td>
			-4.6
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			SATS
			</td>
			<td>
			S58
			</td>
			<td>
			5,105
			</td>
			<td>
			67.4
			</td>
			<td>
			17.0
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Keppel REIT
			</td>
			<td>
			K71U
			</td>
			<td>
			4,530
			</td>
			<td>
			38.6
			</td>
			<td>
			10.8
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			Rex Intl
			</td>
			<td>
			5WH
			</td>
			<td>
			436
			</td>
			<td>
			-18.4
			</td>
			<td>
			9.8
			</td>
			<td>
			Energy/ Oil &amp; Gas
			</td>
		</tr>
<tr>
<td>
			UMS
			</td>
			<td>
			558
			</td>
			<td>
			800
			</td>
			<td>
			-59.1
			</td>
			<td>
			-21.1
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			UOL
			</td>
			<td>
			U14
			</td>
			<td>
			6,164
			</td>
			<td>
			-34.9
			</td>
			<td>
			3.0
			</td>
			<td>
			Real Estate (excl. REITs)
			</td>
		</tr>
<tr>
<td>
			Geo Energy Res
			</td>
			<td>
			RE4
			</td>
			<td>
			690
			</td>
			<td>
			16.2
			</td>
			<td>
			60.9
			</td>
			<td>
			Energy/ Oil &amp; Gas
			</td>
		</tr>
<tr>
<td>
			Golden Agri-Res
			</td>
			<td>
			E5H
			</td>
			<td>
			4,122
			</td>
			<td>
			11.8
			</td>
			<td>
			32.7
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Jardine C&amp;C
			</td>
			<td>
			C07
			</td>
			<td>
			11,462
			</td>
			<td>
			73.8
			</td>
			<td>
			40.8
			</td>
			<td>
			Consumer Cyclicals
			</td>
		</tr>
<tr>
<td>
			Frasers Cpt Tr
			</td>
			<td>
			J69U
			</td>
			<td>
			4,168
			</td>
			<td>
			-7.7
			</td>
			<td>
			6.1
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			Ascott Trust
			</td>
			<td>
			HMN
			</td>
			<td>
			3,809
			</td>
			<td>
			39.5
			</td>
			<td>
			14.5
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			First Resources
			</td>
			<td>
			EB5
			</td>
			<td>
			3,359
			</td>
			<td>
			7.6
			</td>
			<td>
			41.1
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Frencken
			</td>
			<td>
			E28
			</td>
			<td>
			611
			</td>
			<td>
			-44.0
			</td>
			<td>
			-27.4
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Olam Group
			</td>
			<td>
			VC2
			</td>
			<td>
			6,494
			</td>
			<td>
			-5.6
			</td>
			<td>
			-0.9
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Nanofilm
			</td>
			<td>
			MZH
			</td>
			<td>
			1,776
			</td>
			<td>
			-52.3
			</td>
			<td>
			-29.3
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			SPH
			</td>
			<td>
			T39
			</td>
			<td>
			3,800
			</td>
			<td>
			88.4
			</td>
			<td>
			0.9
			</td>
			<td>
			Consumer Cyclicals
			</td>
		</tr>
<tr>
<td>
			NetLink NBN Tr
			</td>
			<td>
			CJLU
			</td>
			<td>
			3,897
			</td>
			<td>
			-23.9
			</td>
			<td>
			0.0
			</td>
			<td>
			Telecommunications
			</td>
		</tr>
<tr>
<td>
			CapLand China T
			</td>
			<td>
			AU8U
			</td>
			<td>
			1,956
			</td>
			<td>
			-22.2
			</td>
			<td>
			-0.2
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			Lendlease REIT
			</td>
			<td>
			JYEU
			</td>
			<td>
			1,790
			</td>
			<td>
			-14.8
			</td>
			<td>
			-4.5
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			RH Petrogas
			</td>
			<td>
			T13
			</td>
			<td>
			247
			</td>
			<td>
			0.0
			</td>
			<td>
			77.9
			</td>
			<td>
			Energy/ Oil &amp; Gas
			</td>
		</tr>
<tr>
<td>
			DigiCore REIT USD
			</td>
			<td>
			DCRU
			</td>
			<td>
			1,550
			</td>
			<td>
			-18.2
			</td>
			<td>
			-12.0
			</td>
			<td>
			REITs
			</td>
		</tr>
</tbody></table>
Source: SGX, Refinitiv, Bloomberg (data as of 29 April 2022). Note stocks sort by highest turnover for the first four months of 2022.
</body></html>





For the first four months of 2022, the STI generated an 8.7% total return, ranking as the strongest performing developed market benchmark globally for the four months. This was a significant outperformance to the FTSE Asia Pacific Index and FTSE All-World Index which saw comparative declines of 9.1% and 10.3% in SGD terms. 
	 
	
DBS, OCBC and UOB averaged 9.1% total returns over the first four months of 2022. For 1Q22, the combined net interest income for the three banks for 1Q22 was S$5.38 billion, up from S$5.31 billion in 4Q21, while combined non-interest income amounted to S$3.37 billion, up from S$2.97 billion in 4Q21.  
	 
	Outside of the STI, the majority of actively traded stocks that saw the highest increases in turnover for the four months (relative to 2021) were impacted by higher commodity prices and economic re-openings as the Ukraine crisis continued and global COVID-19 cases returned to mid-Dec 2021 levels, following the significant upward spike in Jan.  

 

For the first four months of 2022, the STI generated a 7.5% gain, with dividends boosting the total return to 8.7%. This placed the STI the strongest performing developed market benchmark globally for the four months. This was a significant outperformance to the FTSE Asia Pacific Index and FTSE All-World Index which saw comparative declines of 9.1% and 10.3% in SGD terms. During the four months Singapore stocks were recipient to close to S$420 million of net institutional inflows, with majority of flows going into Telecommunications, Industrials and Consumer Non-Cyclicals.   Together, DBS Group Holdings (DBS), Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB), which account for 45% of the STI weights, averaged 9.1% total returns over the first four months of 2022. For 1Q22, the combined net interest income for the three banks for 1Q22 was S$5.38 billion, up from S$5.31 billion in 4Q21, while combined non-interest income amounted to S$3.37 billion, up from S$2.97 billion in 4Q21. Across the region, the top quartile of Asia Pacific listed banks by market value (which includes DBS, OCBC and UOB) averaged 6.0% total returns over the four months. This was a contrast to the top quartile of Asia Pacific listed technology stocks by market value which averaged 25% declines. During the four months, higher inflation prints saw consensus estimates for the Federal Reserve Target Band at the end of 2022, increase from 75-100 bps to 275-300 bps, with expectations of a 50 bps rate hike at the conclusion of tonight’s FOMC.  The STI’s strongest constituents over the four months were Sembcorp Industries, Jardine Cycle &amp; Carriage, Keppel Corporation, Yangzijiang Shipbuilding Holdings and City Developments. Sembcorp Industries, Keppel Corporation and City Developments ranked among the top 10 recipients of net institutional inflows over the four months, with Jardine Cycle &amp; Carriage ranking #12. Over the four months, Yangzijiang Shipbuilding Holdings generated a 30.7% return adjusted for the distribution of the Yangzijiang Financial Holding spin-off, while dry bulk freight rates, gauged through the Baltic Dry Index, remain more than double that of pre-COVID rates. Moreover, on the strategic initiatives (which include sustainability), Sembcorp Industries continues aim for its sustainable solutions portfolio to comprise 70% of the Group’s net profit before exceptional items and corporate costs in 2025 (from 40% in 2020), and Keppel Corporation is accelerating its execution of Vision 2030. Meanwhile gains posted by City Developments and Jardine Cycle &amp; Carriage have coincided with local and regional re-openings.   
Outside of the STI, actively traded stocks that moved up the ladder of turnover rankings by more than 10 places from 2021 levels included Mapletree North Asia Commercial Trust, coinciding with its merger progress with Mapletree Commercial Trust, in addition to commodity plays Rex International which transferred from Catalist to the Mainboard, Geo Energy Resources, Golden Agri-Resources, First Resources, RH Petrogas and Golden Energy and Resources and Bumitama Agri. Actively traded REITs and Stapled Trusts that also climbed the ladder of turnover rankings by more than 10 places from 2021 levels included re-opening plays Lendlease Commercial REIT, CDL Hospitality Trusts, Sasseur REIT, Far East Hospitality Trust and Frasers Hospitality Trust. Other non-STI actively traded stocks that saw similar turnover increases included Samudera Shipping, SIA Engineering, Yoma Strategic Holdings, Hong Fok Corporation, Straits Trading Corporation, mm2 Asia, The Hour Glass, Sinjia Land and Stamford Land. The shifts in turnover rankings reflected the impact interest rate normalisation, corporate restructures, higher commodity prices and economic re-opening themes had on the participation and performances of Singapore stocks in the 2022 year thus far.




			50 Most Traded Stocks (excl. Stocks that listed in 2022 YTD) in 2022 YTD
			
			
			Stock Code
			
			
			Mkt Cap S$M
			
			
			YTD Net Insti Flow S$M 
			
			
			YTD Total Return %
			
			
			Sector
			
		


			DBS
			
			
			D05
			
			
			87,291
			
			
			-380.1
			
			
			4.9
			
			
			Financial Services
			
		


			UOB
			
			
			U11
			
			
			50,221
			
			
			-19.2
			
			
			13.7
			
			
			Financial Services
			
		


			OCBC Bank
			
			
			O39
			
			
			55,939
			
			
			51.5
			
			
			8.7
			
			
			Financial Services
			
		


			Singtel
			
			
			Z74
			
			
			45,727
			
			
			558.8
			
			
			19.4
			
			
			Telecommunications
			
		


			CapLand Int Com Trust
			
			
			C38U
			
			
			15,437
			
			
			135.3
			
			
			14.4
			
			
			REITs
			
		


			Mapletree Com Tr
			
			
			N2IU
			
			
			6,215
			
			
			-148.1
			
			
			-3.9
			
			
			REITs
			
		


			YZJ Shipbldg SGD
			
			
			BS6
			
			
			3,595
			
			
			-52.4
			
			
			30.7
			
			
			Industrials
			
		


			Wilmar Intl
			
			
			F34
			
			
			27,977
			
			
			95.8
			
			
			9.8
			
			
			Consumer Non-Cyclicals
			
		


			Ascendas REIT
			
			
			A17U
			
			
			12,006
			
			
			-101.0
			
			
			-0.4
			
			
			REITs
			
		


			SIA
			
			
			C6L
			
			
			16,321
			
			
			59.0
			
			
			10.2
			
			
			Industrials
			
		


			CapitaLand Invest
			
			
			9CI
			
			
			21,780
			
			
			86.1
			
			
			24.0
			
			
			Financial Services
			
		


			Keppel Corp
			
			
			BN4
			
			
			12,363
			
			
			111.2
			
			
			38.3
			
			
			Industrials
			
		


			Mapletree Log Tr
			
			
			M44U
			
			
			8,561
			
			
			-60.8
			
			
			-5.4
			
			
			REITs
			
		


			SGX
			
			
			S68
			
			
			10,652
			
			
			106.7
			
			
			6.1
			
			
			Financial Services
			
		


			ST Engineering
			
			
			S63
			
			
			12,784
			
			
			76.2
			
			
			11.7
			
			
			Industrials
			
		


			Venture
			
			
			V03
			
			
			4,985
			
			
			-159.8
			
			
			-6.3
			
			
			Technology (Hardware/ Software)
			
		


			Suntec REIT
			
			
			T82U
			
			
			5,281
			
			
			58.7
			
			
			23.6
			
			
			REITs
			
		


			Mapletree NAC Tr
			
			
			RW0U
			
			
			4,247
			
			
			170.3
			
			
			11.2
			
			
			REITs
			
		


			ComfortDelGro
			
			
			C52
			
			
			3,185
			
			
			-45.5
			
			
			5.0
			
			
			Industrials
			
		


			Mapletree Ind Tr
			
			
			ME8U
			
			
			6,986
			
			
			-86.4
			
			
			-2.3
			
			
			REITs
			
		


			JMH USD
			
			
			J36
			
			
			52,422
			
			
			-11.3
			
			
			1.8
			
			
			Consumer Non-Cyclicals
			
		


			Genting Sing
			
			
			G13
			
			
			9,778
			
			
			-0.2
			
			
			4.5
			
			
			Consumer Cyclicals
			
		


			ThaiBev
			
			
			Y92
			
			
			17,208
			
			
			-2.1
			
			
			6.0
			
			
			Consumer Non-Cyclicals
			
		


			CityDev
			
			
			C09
			
			
			7,745
			
			
			193.6
			
			
			25.4
			
			
			Real Estate (excl. REITs)
			
		


			HongkongLand USD
			
			
			H78
			
			
			15,129
			
			
			-7.6
			
			
			-4.5
			
			
			Real Estate (excl. REITs)
			
		


			Sembcorp Marine
			
			
			S51
			
			
			3,421
			
			
			32.4
			
			
			32.9
			
			
			Industrials
			
		


			Sembcorp Ind
			
			
			U96
			
			
			5,266
			
			
			130.0
			
			
			49.0
			
			
			Utilities
			
		


			Keppel DC REIT
			
			
			AJBU
			
			
			3,555
			
			
			-79.9
			
			
			-14.8
			
			
			REITs
			
		


			AEM SGD
			
			
			AWX
			
			
			1,487
			
			
			-42.6
			
			
			-8.6
			
			
			Technology (Hardware/ Software)
			
		


			Frasers L&amp;C Tr
			
			
			BUOU
			
			
			5,352
			
			
			-21.6
			
			
			-4.6
			
			
			REITs
			
		


			SATS
			
			
			S58
			
			
			5,105
			
			
			67.4
			
			
			17.0
			
			
			Industrials
			
		


			Keppel REIT
			
			
			K71U
			
			
			4,530
			
			
			38.6
			
			
			10.8
			
			
			REITs
			
		


			Rex Intl
			
			
			5WH
			
			
			436
			
			
			-18.4
			
			
			9.8
			
			
			Energy/ Oil &amp; Gas
			
		


			UMS
			
			
			558
			
			
			800
			
			
			-59.1
			
			
			-21.1
			
			
			Technology (Hardware/ Software)
			
		


			UOL
			
			
			U14
			
			
			6,164
			
			
			-34.9
			
			
			3.0
			
			
			Real Estate (excl. REITs)
			
		


			Geo Energy Res
			
			
			RE4
			
			
			690
			
			
			16.2
			
			
			60.9
			
			
			Energy/ Oil &amp; Gas
			
		


			Golden Agri-Res
			
			
			E5H
			
			
			4,122
			
			
			11.8
			
			
			32.7
			
			
			Consumer Non-Cyclicals
			
		


			Jardine C&amp;C
			
			
			C07
			
			
			11,462
			
			
			73.8
			
			
			40.8
			
			
			Consumer Cyclicals
			
		


			Frasers Cpt Tr
			
			
			J69U
			
			
			4,168
			
			
			-7.7
			
			
			6.1
			
			
			REITs
			
		


			Ascott Trust
			
			
			HMN
			
			
			3,809
			
			
			39.5
			
			
			14.5
			
			
			REITs
			
		


			First Resources
			
			
			EB5
			
			
			3,359
			
			
			7.6
			
			
			41.1
			
			
			Consumer Non-Cyclicals
			
		


			Frencken
			
			
			E28
			
			
			611
			
			
			-44.0
			
			
			-27.4
			
			
			Technology (Hardware/ Software)
			
		


			Olam Group
			
			
			VC2
			
			
			6,494
			
			
			-5.6
			
			
			-0.9
			
			
			Consumer Non-Cyclicals
			
		


			Nanofilm
			
			
			MZH
			
			
			1,776
			
			
			-52.3
			
			
			-29.3
			
			
			Technology (Hardware/ Software)
			
		


			SPH
			
			
			T39
			
			
			3,800
			
			
			88.4
			
			
			0.9
			
			
			Consumer Cyclicals
			
		


			NetLink NBN Tr
			
			
			CJLU
			
			
			3,897
			
			
			-23.9
			
			
			0.0
			
			
			Telecommunications
			
		


			CapLand China T
			
			
			AU8U
			
			
			1,956
			
			
			-22.2
			
			
			-0.2
			
			
			REITs
			
		


			Lendlease REIT
			
			
			JYEU
			
			
			1,790
			
			
			-14.8
			
			
			-4.5
			
			
			REITs
			
		


			RH Petrogas
			
			
			T13
			
			
			247
			
			
			0.0
			
			
			77.9
			
			
			Energy/ Oil &amp; Gas
			
		


			DigiCore REIT USD
			
			
			DCRU
			
			
			1,550
			
			
			-18.2
			
			
			-12.0
			
			
			REITs
			
		

Source: SGX, Refinitiv, Bloomberg (data as of 29 April 2022). Note stocks sort by highest turnover for the first four months of 2022.



Capitaland Integrated Commercial Trust (CICT SP)

Mapletree Pan Asia Commercial Trust (MCT SP)

STI Leads Global Developed Stock Benchmarks in 2022 YTD